SWEDISH HISTORICAL SOCIETY OF ROCKFORD

EIN: 237039583 501(c)(3) Arts, Culture & Humanities

ROCKFORD, IL

Total Revenue
$108,300
Total Expenses
$132,596
Total Assets
$3,008,435
Net Assets
$2,998,104
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
IL
Principal Officer
BONNIE SMITH
Phone
8159635559
Tax Period
2025-01-01 to 2025-12-31

SWEDISH HISTORICAL SOCIETY OF ROCKFORD, founded in 1950, is a small nonprofit in the Arts, Culture & Humanities sector that reported $108K in total revenue in fiscal year 2025. Expenses of $133K exceeded revenue, resulting in a 22% operating deficit.

Mission

PRESERVATION OF SWEDISH HISTORICAL STRUCTURE, CULTURE AND ARTIFACTS THROUGH THE OPERATIONS OF A MUSEUM AND CULTURAL CENTER.

Program Service Accomplishments

Program 1
Expenses: $70,054 Revenue: $715

PRESERVATION OF SWEDISH HISTORICAL STRUCTURE, CULTURE AND ARTIFACTS THROUGH THE OPERATIONS OF A MUSEUM AND CULTURAL CENTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $23,697
Program Service Revenue $715
Investment Income $67,303
Other Revenue $16,585
TOTAL REVENUE $108,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,939
Fundraising Expenses $0
Program Expenses $70,054
Other Expenses $77,657
TOTAL EXPENSES $132,596

Year-over-Year Comparison

2025 2024 Change
Revenue $108,300 $101,920 +0.1%
Expenses $132,596 $170,240 -0.2%
Net Income $-24,296 $-68,320 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$4,283
Total Directors
11
$4,283
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON GUSTAFSON PRESIDENT 1.00
Officer Director
$0 $0 $0
CARY JOHNSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY ZASKE SECRETARY 1.00
Officer Director
$0 $0 $0
BONNIE SMITH TREASURER 1.00
Officer Director
$0 $0 $0
DAVID PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL BIESCHKE BOARD MEMBER 1.00
Director
$0 $0 $0
EMMA KORJONEN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD BRYNTESON BOARD MEMBER 1.00
Director
$0 $0 $0
LINNEA BENGTSSON SWEDISH AMBASSADOR 1.00
Director
$0 $0 $0
ALIX FOX FORMER EXECUTIVE DIRECOTR 40.00
Officer Director
$4,283 $0 $4,283
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $108,300 $132,596 $3,008,435 $-24,296
2024 No data No data No data No data
2023 $104,529 $132,720 $2,807,755 $-28,191
2022 $76,913 $123,270 $2,707,641 $-46,357
2021 $183,919 $134,642 $3,025,519 $49,277
2020 $106,651 $111,790 $2,878,168 $-5,139
2019 $83,881 $138,801 $2,800,297 $-54,920
2018 $115,812 $130,680 $2,670,275 $-14,868
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